OKB Token Surges While Market Awaits Next Move
Main Idea
The OKB token experienced a significant 160% surge in 24 hours, reaching an all-time high above $135, but analysts highlight potential risks including exchange inflows, liquidation zones, and weakening technical indicators.
Key Points
1. OKB, the native token of OKX, surged 160% in 24 hours, briefly exceeding $135, marking an all-time high.
2. 553,000 OKB tokens (worth ~$58 million) flowed into exchanges in 24 hours, a 36% increase, potentially signaling selling pressure.
3. The top 100 OKB addresses hold over 299.93 million tokens, with a 25% recent increase in holdings, indicating large investor accumulation.
4. BingX analysis warns of liquidation risks at $92.6, which could trigger larger sell-offs if breached.
5. Technical indicators like the Chaikin Money Flow (CMF) show weakening trends, with support at $102; a breach could lead to declines to $90 or $78.
Description
OKB token has surged 160%, reaching over $135 briefly. Exchange inflows suggest potential selling pressure, despite ongoing whale accumulation. Continue Reading: OKB Token Surges While Market Awaits Next Move The post OKB Token Surges While Market Awaits Next Move appeared first on COINTURK NEWS .
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